Georgia Recycler Files for Chapter 7 Liquidation

Alliance Recycling & Waste Inc., Smyrna, Tenn., has voluntarily filed for Ch. 7 liquidation.

The business, which opened in 2000, listed assets of $0 to $50,000 and liabilities of more than $1 million in its filing, including $2 million in secured claims and $842,000 in unsecured claims.

Edgar M Rothschild and Mary Beth Ausbrooks of Rothschild & Ausbrooks PLLC are handling the bankruptcy for owner Bryan Jay Kirkpatrick.

Among the creditors is MidSouth Bank, which is owed a total of $1.76 million, $533,000 worth of which is unsecured. Others include First Niagara, which is owed $70,700; Sovereign Bank, owed $126,000; Sterling National, $94,000; Town of Smyrna, $150,000; TriStar Capital, $90,000; and Wells Fargo Equipment Finance, $215,000. Nashville Business Journal